Scotiabank Raises New Flyer Industries (NFI) Price Target to C$60.00

New Flyer Industries (TSE:NFI) had its price objective hoisted by Scotiabank from C$59.00 to C$60.00 in a report issued on Monday morning. Scotiabank currently has an outperform rating on the stock.

NFI has been the topic of a number of other reports. CIBC lowered their price target on shares of New Flyer Industries from C$61.00 to C$59.00 in a report on Tuesday, October 17th. BMO Capital Markets reiterated a market perform rating and issued a C$57.00 target price on shares of New Flyer Industries in a research note on Friday, August 25th. Finally, TD Securities lowered their target price on shares of New Flyer Industries from C$63.00 to C$61.00 and set a buy rating for the company in a research note on Friday, November 10th.

Shares of New Flyer Industries (NFI) opened at C$52.93 on Monday. New Flyer Industries has a 1-year low of C$39.01 and a 1-year high of C$57.70.

In other New Flyer Industries news, insider Paul Warren Dennis Smith sold 4,700 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of C$50.79, for a total transaction of C$238,713.00. Also, insider Wayne Ray Joseph sold 10,800 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$51.00, for a total transaction of C$550,800.00. Insiders sold a total of 20,500 shares of company stock valued at $1,044,513 over the last quarter.

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New Flyer Industries Company Profile

New Flyer Industries Inc manufactures and sells transit buses and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Coach Manufacturing Operations, and Aftermarket Operations. The company also distributes parts with fabrication, manufacturing, distribution, and service centers.

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